Common use of PAYMENTS, TAXES, AND DUTIES Clause in Contracts

PAYMENTS, TAXES, AND DUTIES. (a) Unless otherwise provided, terms of payment shall be net thirty (30) days from the latest of the following: (1) LOCKHEED MARTIN's receipt of SELLER's proper invoice; (2) scheduled delivery date of the Work; or (3) actual delivery of the Work. (b) Each payment made shall be subject to reduction to the extent of amounts which are found by LOCKHEED XXXXXX or SELLER not to have been properly payable, and shall also be subject to reduction for overpayments. SELLER shall promptly notify LOCKHEED XXXXXX of any such overpayments and remit the amount of the overpayment except as otherwise directed by LOCKHEED XXXXXX. (c) LOCKHEED XXXXXX shall have a right to recoup or setoff, as the case may be, against payments due or at issue under this Contract or any other contract between the parties. (d) Payment shall be deemed to have been made as of the date of mailing LOCKHEED MARTIN's payment or electronic funds transfer. (e) Unless otherwise specified, prices include all applicable federal, state and local taxes, duties, tariffs, and similar fees imposed by any government, all of which shall be listed separately on the invoice.

Appears in 1 contract

Samples: f35.com

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PAYMENTS, TAXES, AND DUTIES. (a) Unless otherwise provided, terms of payment shall be net thirty (30) days from the latest of the following: (1) LOCKHEED MARTIN's receipt of SELLER's proper invoice; (2) scheduled delivery date of the Work; or (3) actual delivery of the WorkWork at the final destination. (b) Each payment made shall be subject to reduction to the extent of amounts which are found by LOCKHEED XXXXXX or SELLER not to have been properly payable, and shall also be subject to reduction for overpayments. SELLER shall promptly notify LOCKHEED XXXXXX of any such overpayments and remit the amount of the overpayment except as otherwise directed by LOCKHEED XXXXXX. (c) LOCKHEED XXXXXX shall have a right to recoup or setoff, as the case may be, of setoff against payments due or at issue under this Contract or any other contract Contract between the parties. (d) Payment shall be deemed to have been made as of the date of mailing LOCKHEED MARTIN's payment or electronic funds transfer. (e) Unless otherwise specified, prices include all applicable federal, state state, and local taxes, duties, tariffs, and similar fees imposed by any government, all of which shall be listed separately on the invoice.

Appears in 1 contract

Samples: sustainability.lockheedmartin.com

PAYMENTS, TAXES, AND DUTIES. (a) Unless otherwise provided, terms of payment shall be net thirty (30) days from the latest of the following: (1) LOCKHEED MARTIN's receipt of SELLER's proper invoice; (2) scheduled delivery completion of performance date of the Work; or (3) actual delivery completion of performance of the Work. (b) Each payment made shall be subject to reduction to the extent of amounts which are found by LOCKHEED XXXXXX or SELLER not to have been properly payable, and shall also be subject to reduction for overpayments. SELLER shall promptly notify LOCKHEED XXXXXX of any such overpayments and remit the amount of the overpayment except as otherwise directed found by LOCKHEED XXXXXXSELLER. (c) LOCKHEED XXXXXX shall have a right to recoup or setoff, as the case may be, of setoff against payments due or at issue under this Contract or any other contract Contract between the parties. (d) Payment shall be deemed to have been made as of the date of mailing LOCKHEED MARTIN's payment or electronic funds transfer. (e) Unless otherwise specified, prices include all applicable federal, state state, and local taxes, duties, tariffs, and similar fees imposed by any government, all of which shall be listed separately on the invoice. (f) XXXXXX agrees to submit upon the request of LOCKHEED MARTIN's Procurement Representative a release of claims upon final payment under this Contract.

Appears in 1 contract

Samples: f35.com

PAYMENTS, TAXES, AND DUTIES. (a) Unless otherwise provided, terms of payment shall be net thirty (30) days from the latest of the following: (1) LOCKHEED MARTIN's receipt of SELLER's proper invoice; (2) scheduled delivery completion of performance date of the Work; or (3) actual delivery completion of performance of the Work. (b) Each payment made shall be subject to reduction to the extent of amounts which are found by LOCKHEED XXXXXX or SELLER not to have been properly payable, and shall also be subject to reduction for overpayments. SELLER shall promptly notify LOCKHEED XXXXXX of any such overpayments and remit the amount of the overpayment except as otherwise directed found by LOCKHEED XXXXXXSELLER. (c) LOCKHEED XXXXXX shall have a right to recoup or setoff, as the case may be, of setoff against payments due or at issue under this Contract or any other contract Contract between the parties. (d) Payment shall be deemed to have been made as of the date of mailing LOCKHEED MARTIN's payment or electronic funds transfer. (e) Unless otherwise specified, prices include all applicable federal, state state, and local taxes, duties, tariffs, and similar fees imposed by any government, all of which shall be listed separately on the invoice.

Appears in 1 contract

Samples: f35.com

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PAYMENTS, TAXES, AND DUTIES. (a) Unless otherwise provided, terms of payment shall be net thirty (30) days from the latest of the following: (1i) LOCKHEED MARTIN's receipt of SELLER's proper invoice; (2ii) scheduled delivery date of the Work; or (3iii) actual delivery of the Work. (b) Each payment made shall be subject to reduction to the extent of amounts which are found by LOCKHEED XXXXXX or SELLER not to have been properly payable, and shall also be subject to reduction for overpayments. SELLER shall promptly notify LOCKHEED XXXXXX of any such overpayments and remit the amount of the overpayment except as otherwise directed found by LOCKHEED XXXXXXSELLER. (c) LOCKHEED XXXXXX shall have a right to recoup or setoff, as the case may be, of setoff against payments due or at issue under this Contract or any other contract between the parties. (d) Payment shall be deemed to have been made as of the date of mailing LOCKHEED MARTIN's payment or electronic funds transfer. (e) Unless otherwise specified, prices include all applicable federal, state state, and local taxes, duties, tariffs, and similar fees imposed by any government, all of which shall be listed separately on the invoice. (f) The prices stated in the Contract are firm, fixed prices in United States Dollars.

Appears in 1 contract

Samples: f35.com

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